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Bridge Industrial Has 175-Acre Site In Doral Under Contract

Bridge Industrial has the largest undeveloped tract of land in Doral under contract and plans an industrial park there.

Bridge Industrial Acquisition, an affiliate of Chicago-based Bridge Industrial, formerly called Bridge Development Partners, filed a municipal pre-application with Miami-Dade County for the 175.2-acre site at the southwest corner of Northwest 107th Avenue and Northwest 41st Street. It has it under contract from longtime owners Claudia Lemon Cook and Charles B. Lemon in Winter Park.
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Commission Advances Expanded Urban Development Boundary Near Homestead For Warehouses

Miami-Dade commissioners just sidestepped concerns about Biscayne Bay pollution, flooding and hazy development details to give preliminary approval for expanding the Urban Development Boundary and converting farmland into a 9 million-square-foot industrial park near Homestead.

By a 9-3 vote, commissioners voted to send the expansion application to state agencies for review, a key step for developers in their effort to move the “UDB” for the first time since 2013.
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Cold-Storage Sales Set New Record Last Year

Cold storage, a niche subsector of the industrial real estate market, is heating up.

Driven by — what else — e-commerce and the pandemic, the cold-storage market was valued at $89 billion in 2018 and is projected to reach $218 billion by 2026, growing at a compound annual rate of 11.7% between 2019 to 2026, according to research by commercial real estate firm Avison Young USA Inc.
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